Million Dollar Savings Calculator: How Much Do I Need To Save to Become a Millionaire?
This financial calculator will show you how much you need to save each month in order to become a millionaire.
For example, if you’re planning to retire with a $1,000,000 in 30 years, and you think you can achieve a 6% return on your money each year, enter “30” as the Years to Goal and “6%” as the Annual Rate of Return. If you already have $10,000 saved up, enter “$10,000” as your Current Amount Saved.
|Current Amount Saved:|
|Years to Goal:|
|Annual Rate of Return (%):|
What it Means...
If you currently have $10,000 saved, you need to save $935.55 each month for 30 years at a 6% rate of return to reach $1,000,000.